Yes. For properties that were placed in service and capitalized in previous years, Hull & Knarr will perform a lookback Cost Segregation study to identify, document, and calculate the catch-up adjustment. Using this methodology, the property owner doesn’t have to file amended returns to receive the financial benefit. The results of the Cost Segregation study (and the catch-up adjustment) are claimed on the current year’s tax return, saving time and money in the process.